Articles for tag: crypto transactions, Russia

Lipika Deka

RUSSIA

Russia’s First Crypto Trial Begins on Sept. 1

Russia plans to initiate cryptocurrency exchange trials as early as September 1, focusing on facilitating cross-border transactions. This move includes utilizing the existing National Payment Card System for ruble-cryptocurrency conversions. In response to Western sanctions, Russia has shifted its stance on cryptocurrencies, exploring digital assets as a means to bypass ... Read more

Ammar Raza

Crypto

Russia’s Next Step in Crypto Finance with Two New Exchanges

Russia is planning to launch two new cryptocurrency exchanges as part of its strategy to boost its digital finance sector. According to the Russian newspaper Kommersant, the first exchange will be dedicated to foreign economic and trade activities and is expected to leverage the St. Petersburg Currency Exchange (SPCE) database. ... Read more